Trade Ideas for 08/21/09

The three day rally continues, but so far hasn't taken out last week's high. Still in no-man's land, and it remains a difficult market to read. We sold SRS for breakeven today (better than breakeven taking into account the partial sales) and bought GS.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
GS	160.91	162.33	+0.9%	157.99	N/A	Chart
FXP	10.04	10.24	+2.0%	10.04	N/A	Chart
SKF	30.52	28.39	-7.0%	28.11	N/A	Chart
SRZ	2.19	2.24	+2.2%	1.98	N/A	Chart

Some longs if the market continues rallying. If the market chooses to reverse from here, hopefully it will offer us some setups next week.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
FCEL (FuelCell Energy)	4.11	3.86	N/A	Chart
DLB (Dolby Labs)	40.42	39.73	N/A	Chart
ACXM (Acxiom)	10.21	9.83	N/A	Chart
PAL (North American Palladium)	2.97	2.81	N/A	Chart

Please refer to "How To Trade The Ideas" (right-hand side) to read this table.